The tender for the exec condo (EC) land at Yishun Avenue 9 was awarded to Sing Holdings Limited, after it persented the leading bid of $373.5 million, claimed the Real estate as well as Advancement Board (HDB) on Friday 20 Nov. Introduced up for sale on 30 Apr, the 99-year leasehold land has a location of 21,514.0 square meter and also a maximum gross floor location of 60,240 sqm. It can produce as much as six hundred real estate units. The tender for the site closed on 29 October, with 7 quotes obtained.
The North Gaia EC is located in close proximity to a plethora of amenities. It is down the road from Junction Nine and is also surrounded by numerous established schools.
Despite being in a location that is removed from the hustle and bustle of the city centre, the new EC at Yishun is relatively accessible via major expressways such as TPE, CTE & SLE.
Source: North Gaia EC north-gaia.com
The new EC @ Yishun Ave 9 is also family-friendly since it is nearby Chongfu Primary School, Northland Primary School, Chung Cheng High School and Yishun Junior College. Khoo Teck Puat Hospital and a community hospital nearby will help to fulfill the healthcare needs of the residents.
Why invest in North Gaia? Efficient layout & design allows flexibility in customization. Walking distance to the food court, markets and convenient stalls. Great rental potential with close proximity to G.E.M.S International School + Seletar Aerospace Park. Free 1 Year Shuttle Bus To Yishun MRT & Bus Interchange. Within 1km To Yishun Integrated Mall with Interchange/ North Point City. Near Health care center; Khoo Teck Puat Hospital, the Yishun Community and Yishun Pond was revamped with a three-storey lookout tower. The Yishun site is quite large, and experts expect that it will build approximate 600 units. It’s also expected to enjoy beautiful secene of the Khatib Bongsu nature park, once NParks completes it.
North Gaia EC is also near emerging growth areas such as the Woodlands Regional Centre and the Seletar Aerospace Park which will offer more job opportunities closer to home. The Woodlands Regional Centre is earmarked as the largest economic hub in northern Singapore and the authorities plan to introduce new spaces for business, industry, and research and development in the next decade.
The name Yishun is a Mandarin romanisation of Lim Nee Soon, a prominent industrialist who made his fortune from the rubber and pineapple plantations he found in this place. Yishun planning area is divided into sub-zones namely Khatib, Lower Seletar, Nee Soon, North Land, Springleaf, Yishun Central, Yishun East, Yishun South and Yishun West. Springleaf and Nee Soon subzones are private housing estates in Yishun.